The six taxable PGIM bond strategies under Morningstar analyst coverage have mostly had a rough ride since the coronavirus crisis began thrashing global bond markets. But while the pain has been worse than that felt by comparable peers' in some cases, it has yet to rank as surprising or catastrophic given the funds' underlying strategies. We continue to monitor them as events unfold, but we are not currently electing to change any of the Morningstar Analyst Ratings for PGIM Short Duration High Yield HYSZX, PGIM Global Total Return PZTRX, PGIM Short-Term Corporate PIFZX, PGIM Absolute Return PADZX, PGIM High Yield PHYZX, or PGIM Total Return PDBZX.
PGIM High Yield A PBHAX
NAV / 1-Day Return
5.17
/
0.14
%
Total Assets
17.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.800%
Expense Ratio
0.800%
Fee Level
Low
Longest Manager Tenure
12.74
years
Category
US Fund High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
6.34%
Effective Duration
3.84
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PBHAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBHAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PBHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PBHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Price Pillar
The Price Pillar compares PBHAX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
Performance Pillar
The Performance Pillar is our evaluation of whether PBHAX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.
PGIM's Bond Funds Have Had a Bumpy Ride
